Reports: NFL bumps salary cap to $133 million

The NFL reportedly notified teams in a memo Friday that the 2014 salary cap will be $133 million.

ProFootballTalk first reported the news Friday.

The number is an even $10 million hike from last season's cap, which is a significant increase compared to years past. In 2013, the cap was raised by just $2.7 million from 2012's $120.3 million, while 2011's cap was set at $120 million.

The bump is good news for both the Super Bowl champion Seahawks and their free agents, as it provides more space for the team in its attempt to re-sign players like defensive end Michael Bennett and wide receiver Golden Tate, and those players will likely see bigger offers across the board from interested teams.